And guess what AT&T just did? They’ve recognized a pretax accounting charge for $4 billion ($3 billion cash and $1 billion for spectrum) on their Q4 2011 accounting sheet. While that isn’t exactly confirmation that the deal is dead, both companies are still hoping they can work something out, it’s pretty safe to say that the deal as we thought it would go down back in March is not going to happen. What T-Mobile plans to do with that money is also up for debate because Deutsche Telekom was really looking forward to pocketing $39 billion from AT&T and then pouring it into their aging European networks. Guess they might have to change their mind.

If you’re a T-Mobile customer, you should be really happy right now. Again, the deal isn’t officially dead, but it’s damn near close. And if you’re on AT&T … look forward to seeing your bill get a tiny bit more expensive so that AT&T can recoup their losses.